Company Registration No. 12111475 (England and Wales)
BROOD HOSPITALITY LTD
Unaudited accounts
for the year ended 31 July 2023
BROOD HOSPITALITY LTD
Unaudited accounts
Contents
BROOD HOSPITALITY LTD
Company Information
for the year ended 31 July 2023
Director
Merlin Timothy Osip LABRON-JOHNSON
Company Number
12111475 (England and Wales)
Registered Office
35 HIGH ST
HIGH STREET
BRUTON
SOMERSET
BA10 0AH
ENGLAND
Accountants
Addition Financial Limited
Addition at
1 Lyric Square
Hammersmith
London
W6 0NB
BROOD HOSPITALITY LTD
Statement of financial position
as at 31 July 2023
Tangible assets
1,822,532
279,980
Cash at bank and in hand
24,232
43,943
Creditors: amounts falling due within one year
(660,244)
(187,675)
Net current liabilities
(559,334)
(96,097)
Total assets less current liabilities
1,263,198
241,328
Creditors: amounts falling due after more than one year
(764,017)
(13,043)
Net assets
499,181
228,285
Called up share capital
1
1
Profit and loss account
374,180
228,284
Shareholders' funds
499,181
228,285
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 March 2024 and were signed on its behalf by
Merlin Timothy Osip LABRON-JOHNSON
Director
Company Registration No. 12111475
BROOD HOSPITALITY LTD
Notes to the Accounts
for the year ended 31 July 2023
BROOD HOSPITALITY LTD is a private company, limited by shares, registered in England and Wales, registration number 12111475. The registered office is 35 HIGH ST, HIGH STREET, BRUTON, SOMERSET, BA10 0AH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
285,000
8,503
3,974
297,477
Additions
1,529,354
4,487
-
1,533,841
At 31 July 2023
1,814,354
12,990
3,974
1,831,318
At 1 August 2022
11,875
3,015
2,607
17,497
Charge for the year
-
2,171
993
3,164
Surplus on revaluation
(11,875)
-
-
(11,875)
At 31 July 2023
-
5,186
3,600
8,786
At 31 July 2023
1,814,354
7,804
374
1,822,532
At 31 July 2022
273,125
5,488
1,367
279,980
BROOD HOSPITALITY LTD
Notes to the Accounts
for the year ended 31 July 2023
5
Investments
Other investments
Valuation at 1 August 2022
57,445
Valuation at 31 July 2023
-
Amounts falling due within one year
Trade debtors
9,145
11,525
Accrued income and prepayments
35,709
5,915
Other debtors
19,228
19,569
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
377,516
-
Trade creditors
120,042
33,672
Taxes and social security
77,858
38,410
Other creditors
6,035
(3,371)
Deferred income
47,276
39,741
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
87,940
11,441
9
Average number of employees
During the year the average number of employees was 26 (2022: 10).